Sports media network
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Restructured as Disney-controlled streaming platform; valued at $30B
For 28 years ESPN was Disney's cable cash machine — a pay-TV channel that millions paid for whether they watched it or not. Disney's May 6 earnings report described something different: a standalone $29.99-a-month streaming service, an asset valued at $30 billion, and a sports network in which the National Football League now owns 10%.
Updated May 31
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